Bad Credit History Secured Loans
Even if you have a bad credit history, secured loan deals can be obtained. Although a loan cannot sort out all your financial problems, it could help you consolidate debts rather than simply juggling them or burying your head in the sand. Other advantages of obtaining a bad credit history secured loan can include:
- Improved credit status if loan payments are maintained
- Longer repayment schedules and lower rates than unsecured loans
- Just one monthly payment
Although many companies now offer bad credit history secured loans, rates are often higher for those who have had CCJs, mortgage arrears and defaulted payments. Therefore, comparing quotes is the only way to ensure you will find the best deal to suit your circumstances. Rather than simply settling for the first secured loan you are offered, see a selection of bad credit history secured loans above.